Procter & Gamble's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner revealed significant activity on Procter & Gamble (NYSE:PG) options, with over 9 transactions valued at $272,582, including 3 puts totaling $103,622. Whales target a price range of $140-$170 for PG over the next 3 months. Significant trades include both bullish and bearish sentiments, with notable options expiring between 2024 and 2025. PG's current market status shows a 0.59% price increase to $166.04, with potential overbought indicators and an earnings announcement expected in 78 days. Analysts maintain positive ratings, with a consensus target price of $175.2.
May 09, 2024 | 8:15 pm
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POSITIVE IMPACT
Procter & Gamble sees significant options activity, with a bullish outlook from analysts and a current price uptick. Analyst consensus targets a higher price, indicating potential short-term growth.
The significant options activity, especially the bullish sentiment in both call and put options, alongside positive analyst ratings and a recent price increase, suggests a favorable short-term outlook for PG. The targeted price range by options traders and the consensus target price by analysts further support the potential for price growth in the near term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100